I've been recording stuff for a couple of years. Here's some hopefully useful information:
- I use Adobe Audition 1.5, and prefer it to all other recording software I have tried, based on capabilities, presets, and learning curve.
- Whenever I record any track, I immediately run through whichever of the following are necessary, in order:
1. Noise Reduction - do this first, always. Usually I do about 40% noise reduction so that it doesn't distort the sound.
2. Graphic Equalizer - decrease frequencies that you want to be quieter. almost never increase frequencies, because this can cause noise and distortion.
3. Compressor - this causes your whispers to be heard just as much as your screams, depending on how much you compress. I usually do about 2:1 ratio for guitars (this means that it will halve volume increases above whatever the threshold is set at).
4. Reverb - almost everything you record will need at least a little reverb, unless you are recording in a REALLY nice room, like a concert hall

5. Whatever else you want to do
- Vocals should usually be about 5 inches away from the mic, unless it's overdubbing or backup, in which case farther away is fine.
- Mic positioning is fairly difficult with acoustic guitars. Read up on XY spaced pairs, but really just have a friend move the mics while you play to find a good position. You should almost always use stereo condenser mics.
- Most mics come with a pop-guard. If not, try find one, they are useful for recording vocals and removing those annoying pops in "p" and "b" sounds.
If you have any specific questions, feel free to ask!